Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)
Schedule 3 Rural water use
Income Tax Assessment Act 1997
4 After section 40-220
40-222 Cost reduced by water infrastructure improvement expenditure
The *cost of a *depreciating asset is reduced by any portion of it that consists of expenditure that you cannot deduct because of section 26-100.